ProShares Ultra Semiconductors (NYSEARCA:USD – Get Free Report)’s share price gapped down prior to trading on Friday . The stock had previously closed at $69.37, but opened at $67.19. ProShares Ultra Semiconductors shares last traded at $67.22, with a volume of 218,419 shares.
ProShares Ultra Semiconductors Stock Down 6.5 %
The company’s fifty day simple moving average is $64.20 and its 200-day simple moving average is $62.14.
Hedge Funds Weigh In On ProShares Ultra Semiconductors
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bogart Wealth LLC purchased a new position in ProShares Ultra Semiconductors during the third quarter valued at approximately $120,000. Scientech Research LLC purchased a new stake in shares of ProShares Ultra Semiconductors during the 2nd quarter valued at approximately $220,000. First National Trust Co acquired a new position in shares of ProShares Ultra Semiconductors in the 2nd quarter valued at $223,000. Plotkin Financial Advisors LLC purchased a new position in ProShares Ultra Semiconductors during the third quarter worth about $226,000. Finally, Pure Financial Advisors LLC acquired a new stake in ProShares Ultra Semiconductors in the 2nd quarter valued at approximately $239,000.
About ProShares Ultra Semiconductors
ProShares Ultra Semiconductors (the Fund) seeks daily investment results that correspond to twice (200%) the daily performance of the Dow Jones U.S. Semiconductor Index (the Index). The Fund intends to invest at least 80% of its net assets, including any borrowings for investment purposes, under normal circumstances, to equity securities contained in the Index and/or financial instruments that, in combination, have similar economic characteristics.
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